ISSUE PLAN DEFERRED
New Move By Fibremakers (N.Z. Press Association) AUCKLAND, August 27. Directors of Fibremakers (N.Z.), Ltd., which is establishing a nylon plant at Wiri, have decided to defer the issue of Shares to the New Zealand public. This was announced today by the chairman (Mr K. B. Myers). He said that this was a consequence of the purchase by 1.C.1., Ltd., of the Courtauld shares in British Nylon Spinners, Ltd. Review Necessary It would be necessary to review the financial implications as they affected the New Zealand company. Pending completion of this review, it had been decided to defer the public issue. It Was announced in March that the company would have a paid capital of £1,250,000 in 5s shares, of which Fibremakers, Ltd., Australia, would hold £1,000,000 and the remainder would be issued to the public.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19640828.2.170.5
Bibliographic details
Press, Volume CIII, Issue 30531, 28 August 1964, Page 16
Word Count
139ISSUE PLAN DEFERRED Press, Volume CIII, Issue 30531, 28 August 1964, Page 16
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.
Log in